Asset Protection Planning for the Surgeon

James M. Duggan, MBA, JD

Asset protection has emerged as a fundamental in financial planning for individuals with high net worth. Estate planning attorneys who fail to address this aspect do their clients a disservice. Even the most elegant estate planning documents are rendered meaningless if a surgeon has been sued and lost all of his or her estate assets prior to death.

Orthopaedic surgeons should carry sufficient insurance and conduct their affairs in a manner that minimizes risk; they should also have both business and personal asset protection plans. To overlook one area could jeopardize the other.

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